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- Venture Capital Assistance scheme
Venture Capital Assistance is financial support in the form of an interest free loan provided by SFAC to qualifying projects to meet shortfall in the capital requirement for implementation of the project. Funding For startups
- Help in assisting agripreneurs to make investments in setting up agribusiness projects through financial participation
- Provides financial support for preparation of bankable Detailed Project Reports (DPRs) through Project Development Facility (PDF). Funding For startups
- Producer Groups
- Partnership/Proprietary Firms
- Self Help Groups
- units in agriexport zones
- Agriculture graduates Individually or in groups for setting up agribusiness projects.
2. SIP-EIT Support for International Patent Protection in E&IT (SIP-EIT) – II for Micro, Small and Medium Enterprises and Technology Startup Units
In India, most of the SMEs find it difficult to protect their Intellectual Property due to high cost involved in IPR protection. This is especially true in case of international filing which is necessary for companies to be globally competitive. Although national filing of IPR has picked up enormously in India, but applications from Indian ICTE companies constitute only a fraction of total applications filed with Indian Patent Office. Similarly, international applications from Indian owned companies are far less than those filed by top filing countries, although the situation has considerably improved during last 2-3 years.
SIP-EIT is a scheme initiated by DeitY for providing financial support to startups and MSMEs to strengthen their competitiveness through innovation and its protection.
Some of the salient features of the scheme are the following:
- Providing financial support for international filing in Information Communication Technologies and Electronics sector. Reimbursement upto maximum of Rs 15 Lakhs per invention or 50 % of the expenses incurred in filing patent, whichever is less.
- The applicant can apply for the support at any stage of international patent filing. However, reimbursement will only be applicable to expenditures incurred from the date of acceptance of complete application by DeitY subject to approval of competent authority.
- In respect of ownership of the patent, the application filed in the name of owner may also be considered and the applicant may be asked to assign it to the company after DeitY’s approval to provide support under SIP-EIT-II scheme, however the individual at the time of applying under SIP-EIT-II scheme must be an existing employee or should be in the Board of Directors of the company.
- One application for foreign filing in all countries for a particular invention will only be considered under the scheme.
- This is a pure grant subject to approval by DeitY and no stake in the supported patent is envisaged under the scheme
3. Dairy entrepreneurship development scheme (DEDS)
A centrally sponsored scheme implemented through NABARD with an objective to promote setting up of modern dairy farms for production of clean milk, encourage heifer calf rearing, bring structural changes in the unorganized sector and generate self employment.
- individual entrepreneurs,
- companies ,
- groups of unorgainsed and organized sector etc.
including self help groups, dairy cooperative societies, milk unions , milk federations etc. An individual will be eligible to avail assistance for all the components under the scheme but only once for each component More than one member of a family can be assisted under the scheme provided they set up separate units with separate infrastructure at different locations. The distance between the boundaries of two such farms should be at least 500m.
Entrepreneur contribution ( margin) – 10 % of the outlay ( minimum) Back ended capital subsidy –25% for general and 33% for SC/ST. Effective Bank Loan – Balance portion, Minimum of 40% of the outlay
4. Multiplier Grants Scheme
Department of Electronics and Information Technology (DeitY) is implementing Multiplier Grants Scheme (MGS). MGS aims to encourage collaborative R&D between industry and academics/ R&D institutions for development of products and packages. Under the scheme, if industry supports R&D for development of products that can be commercialized at institution level, then government will also provide financial support that is up to twice the amount provided by industry. The proposals for getting financial support under the scheme are to be submitted jointly by the industry and institutions.
The Scheme is extended upto 31st March 2020 with a total outlay of Rs. 36 Crores and DeitY contribution of Rs. 24 Crore. The Technology Development Council (TDC) budget head will be used for implementation of this scheme. Based on this pilot implementation and feedback, the scheme would be reviewed by Working Group.
The major objectives of the scheme are:
Establish, nurture and strengthen the linkages between the Industry and Institutes;
To promote industry oriented R&D at institutes;
Encourage and accelerate development of indigenous products and packages; and
Bridge the gap between R&D / Proof-of-concept and commercialization /
5. Amended Technology Upgradation Fund Scheme (ATUFS)
With Aim of ‘Make in India’ and ‘Zero Defect and Zero Effect’ in manufacturing, the government provides credit linked capital investment subsidy. This scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry. It will also indirectly promote investment in textile machinery manufacturing..
Every eligible individual entity (not the unit) will be entitiled for reimbursement of Capital Investment Subsidy (CIS) under this scheme, as per the following rates
Garmenting, Technical Textiles
15% subject to an upper limit of Rs. 30 crores
Weaving for brand new Shuttle less Looms (including weaving prepatory and knitting), processing jute, silk and Handloom
10% subject to upper limit of Rs 20 crore
Composite units/Multiple segments – If the eligible capital investment in respect of Garmenting and Technical Textiles category is more than 50% of the eligible project cost.
15% subject to an upper limit of Rs 30 Crore
Composite Unit/ Multiple segments – IF the eligible capital investment in respect of Garmenting and technical textiles category is less than 50% of the project cost.
10% subject to an upper limit of 20 crores.
Only those entitites that fall under the following sectors are eligible to apply:
- Weaving, Weaving Preparatory and Knitting
- Processing of fibres, yarns, fabrics, garments and made up
- Handloom Sector
- Silk Sector
- Jute Sector
- Garmet/Made up manufacturing
- Texhnical textiles
6. Central Sector Scheme for Promotion of International Co-operation in AYUSH
To promote and strengthen awareness and interest about AYUSH Systems of Medicine and to facilitate International promotion, development and recognition of Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy. There are 6 components of the scheme:
1. International exchange of experts & officers
2. Incentive to drug manufacturers, entrepreneurs, AYUSH institutions etc. for international propagation of AYUSH by participating in international exhibitions, trade fairs, road shows etc. and registration of AYUSH products (Market Authorisation) at regulatory bodies of different countries such as USFDA/EMEA/UK-MHRA/ NHPD/ TGA etc for exports.
3. Support for international market development and AYUSH promotion-related activities.
4. Translation and publication of AYUSH literature/books in foreign languages.
5. Establishment of AYUSH Information Cells and strengthening of Health Centre/ Institution in foreign countries with AYUSH equipments, etc.
6. International Fellowship/ scholarship Programme for foreign nationals for undertaking AYUSH courses in premier institutions in India.
International exchange of experts & officers- Actual and as per entitlement for Government official/ representative/ delegate- To and fro Air fare, Daily allowance and local hospitality, Salary/Foreign Deputation Allowance, Medical facilities & insurance cover,Contingencies
Presentation of AYUSH related scientific research papers in international conferences, workshops, seminar etc.: After having prior approval of the Ministry of AYUSH, 90% of the total expenditure with a max cap of INR 2 lakh for Asian &African countries, INR 3 lakh for f North & South America, Europe and Australia
AYUSH entrepreneurs, AYUSH drug manufacturing industry, AYUSH Health Care providers etc. participating in international exhibitions, trade fairs, road shows etc. with prior approval of the Ministry of AYUSH will be reimbursed 75% of the expenditure for INR 2 lakh for or Asian &African countries, INR 4 lakh for f North & South America, Europe and Australia
Market Authorization/ registration of AYUSH products – with USFDA/ EMEA/ UK-MHRA/ NHPD (Canada)/ TGA, Australia/ New Zealand and other international regulatory agencies, etc. abroad – Reimbursement of expenditure Fee paid to the concerned regulatory agency for registration/ market authorization of product and 50% of fee paid to reputed international consultant (if any). Reimbursement, as above will be limited to a sum of Rs. 50 Lakhs or 75% of the actual total amount incurred on market authorization for one product; whichever is less Strengthening of Health Centre/ Institution in foreign countries with AYUSH equipments, etc- – max support of INR 1 Crore
Translation and publication of AYUSH literature/ books / publicity material etc. in foreign languages- max reimbursement of INR 10 lakh
7. The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS)
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises
- Fund and non-fund based (Letters of Credit, Bank Guarantee etc.) credit facilities up to Rs 200 lakh per eligible borrower are covered under the guarantee scheme provided they are extended on the project viability without collateral security or third party guarantee.
- The guarantee cover available under the scheme is to the extent of 50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility. The extent of guarantee cover is 85% for micro enterprises for credit up to Rs 5 lakh. The extent of guarantee cover is 50% of the sanctioned amount of the credit facility for credit from Rs 10 lakh to Rs 100 lakh per MSE borrower for retail trade activity.
- The extent of guarantee cover is 80%(i) Micro and Small Enterprises operated and/or owned by women; and (ii) all credits/loans in the North East Region (NER) for credit facilities upto Rs 50 lakh. In case of default, Trust settles the claim up to 75% of the amount in default of the credit facility extended by the lending institution for credit facilities upto Rs 200 lakh.
New and existing Micro and Small Enterprises engaged in manufacturing or service activity excluding Educational Institutions, Agriculture, Self Help Groups (SHGs), Training Institutions etc.
8. Agro Processing Cluster Scheme
The scheme aims at development of modern infrastructure and common facilities to encourage group of entrepreneurs to set up food processing units based on cluster approach by linking groups of producers/ farmers to the processors and markets through well-equipped supply chain with modern infrastructure. The units are set up simultaneous along with creation of common infrastructure. Agro processing clusters set up by Project Execution Agency (PEA)/ Organisation such as Govt./ PSUs/ Joint Ventures/ NGOs/ Cooperatives/ SHGs/ FPOs/ Private Sector/ individuals etc. and are eligible for financial assistance subject to terms and conditions under the scheme guidelines.
Pattern of Assistance
- The Scheme envisages grants-in-aid @ 35% of eligible project cost in general areas and @50% of eligible project cost in the North East States including Sikkim and difficult areas namely Himalayan States (i.e. Himachal Pradesh, Jammu & Kashmir and Uttarakhand), State notified ITDP areas & Islands subject to max. of Rs. 10.00 crore per project.
- The grants-in-aid is credit linked but not back-ended.
9. Research & Development In Processed Food Sector
Under the scheme, the Ministry of Food Processing Industries has been extending financial assistance to undertake demand driven R&D work for the benefit food processing industry in terms of product and process development, efficient technologies, improved packaging, value addition etc. with commercial value along with standardization of various factors viz. additives, colouring agents, preservatives, pesticide residues, chemical contaminants, microbiological contaminants and naturally occurring toxic substances within permissible limits.
Pattern of Assistance
Grant-in-aid is given to the tune of 50% of equipment cost only in general areas and 70% in North East States and difficult areas. Grant is released in three instalments.
The pattern of assistance for the Educational Institutions and other government aided project is different.
All Universities, IITs, Central/State Government Institutions, Government funded Organizations, R&D laboratories and CSIR recognized R&D units in private sector.
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